Crown Resorts has been judged unfit to manage its Perth gambling establishment, receiving a two-year probationary period for remediation. The firm will operate under the scrutiny of an autonomous observer while striving to reestablish its eligibility.
This verdict follows a Royal Commission investigation that revealed Crown’s facilitation of illicit financial activities at the casino and its inadequate protocols for detecting dubious dealings. The inquiry, spearheaded by former Western Australian auditor general Colin Murphy, also censured Crown for permitting junket organizers connected to criminal syndicates to function within the casino and for insufficient efforts to mitigate gambling-related harm.
Crown Resorts has openly acknowledged the report’s conclusions and committed to collaborating with the Western Australian authorities to rectify the identified concerns. The corporation now confronts a formidable challenge in rehabilitating its image and regaining the confidence of both regulators and the community.
The head of Crowns, Steve McCann, underscored the organization’s substantial progress in their restructuring strategy. He emphasized their dedication to enterprise-wide changes and the adoption of leading governance practices. McCann specifically noted investments in staff, technological advancements, optimized procedures, and a revitalized workplace environment. He highlighted their commitment to ethical gaming practices and stringent financial crime mitigation strategies. Looking forward, McCann reiterated Crowns’ dedication to ongoing enhancements across all aspects of their business activities. He emphasized their steadfast focus on delivering a safe and responsible gaming atmosphere, particularly at their flagship Crown Perth venue.
